Jefferies & Marine Money Bring a Little Bit of US Markets to Greece

Jefferies & Marine Money Bring a Little Bit of US Markets to GreeceJefferies and Company and Marine Money hosted a very well attended private seminar for about 100 shipowners in Piraeus last night. The cocktail party and presentation were held at the Piraeus Yacht Club and were intended to give owners an update on conditions in US equity markets and guidance on where their shipping companies will be valued if they go public. John Sinders and Matt McCleery participated in a very lively Q+A session after the presentation. In many ways, structures such as Arlington are ideal for Greek owners, including those who have older vessels that are generating strong cash flows dovetailing with newbuilding deliveries in the coming years. There are about one dozen Greek companies in various stages of IPO preparation and we expect a sizable universe of publicly traded dry bulk shipping companies to form through the balance of 2005.
Jefferies and Company and Marine Money hosted a very well attended private seminar for about 100 shipowners in Piraeus last night. The cocktail party and presentation were held at the Piraeus Yacht Club and were intended to give owners an update on conditions in US equity markets and guidance on where their shipping companies will be valued if they go public. John Sinders and Matt McCleery participated in a very lively Q+A session after the presentation. In many ways, structures such as Arlington are ideal for Greek owners, including those who have older vessels that are generating strong cash flows dovetailing with newbuilding deliveries in the coming years. There are about one dozen Greek companies in various stages of IPO preparation and we expect a sizable universe of publicly traded dry bulk shipping companies to form through the balance of 2005.

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